Dear Members,
Tuesday selling pressure was witnessed in the market. Buy our outlook for this week's earnings is very robust so take long positions in CIEN, MRVL, and AVGO. All these stocks will move higher, and CIEN can move 20% higher, also other stocks like MRVL, AVGO, and DOCU will gain big value
GTLB lost big value after earning, we are doubling down on GTLB so buy on weakness.
As per our weekly newsletter this week we expected Bitcoin to top out at $69000. On Tuesday it tested $69000 and then corrected sharply.
Gold also gained value as predicted, buy gold on the higher, but avoid the rest of the metals.
NVDA and our favorite AI stocks are on our buying list so don’t sell or short these stocks. We are recommending buying more SOXL.
This is a small part of today's daily flashnews:
On Tuesday major volatility was witnessed in stocks as frontline tech stocks witnessed major profit bookings which has been happening since last Friday. Frontline tech stocks lost big value, especially APPLE, TESLA, NFLX, and ADOBE, all these stocks were on our selling list last week and this week, and now cover shorts today if you have any. Also, software and cybersecurity stocks lost big value. PANW created panic last week, but today CRWD made a huge turnaround which may help cyber security stocks (NET, CRWD, ZS, PANW, S).
In the last hour of trading buying came back, stocks like NVDA and SMCI recovered and closed in green.
The next two days' daily flashnews will be very brief: Today I will be traveling to a remote place in India to celebrate Mahashivratri and looking forward to surrendering to nature with gratitude. I may share my experience in next week's newsletter. On Friday try to fast for nature, and we shall ask for forgiveness from nature for whatever wrongdoing we have done knowingly or unknowingly in any circumstances, this will release us from your burden or guilt if we are carrying any.
Metals traded negatively, and gold closed in green. Energy, grains, and softs lost value. Thirty-year bonds gained value and currencies remained firm.
Everyone will be watching Powell's hearing closely, though he may not give any clear indications on the rate as he may make both sides comment on the rate.
Still, we are not in negative astro cycle, so the market is not short or sell at this stage, buying is recommended today around the lower sides.
This is what we mentioned on Monday: Last week SOXL almost gained 25% which was a mind-blowing move. We have been predicting SOXL to test $48.50 and it did it on Friday. So far S&P and NASDAQ have been achieving every predicted higher side targets. Every predicted level for the market has been achieved and it looks like if the market continues behaving like this then S&P can test our level of 5175 very soon.
Our predictions of bullish trends in the Japan and Indian markets came true, we Predicted Nikkei to reach 43000 and Nifty 22100 and 24000. We predicted
Markets are rocking in the first two cycles mentioned in the “2024 Financial Predictions” book. Nature narrated and I was just playing the role of typist.
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I saw the short-term negative Astro combinations on the 5th of October, and we predicted that the market could struggle until the 30th of October or the 4th of November. This is what we mentioned on 26th October 2023: The Astro combinations will turn extremely positive on Monday, the 30th of October before the USA market opens or on the 4th of November. This is great news for investors as we expect a dark cloud to get out from Jupiter, which is currently ruling on the market trends. One of the biggest Airavath (bullish) trends will start from 30 Oct or 4th Nov.
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Thanks & God Bless
Mahendra Sharma